Satisfaction of Performance Goals. In the event of a Change in Control prior to the end of a Performance Period, the Performance Period shall end as of the date of the Change in Control and the Performance Goals shall be deemed to have been satisfied at the greater of (A) 100% of the target level, with the potential payout pro-rated based on the time elapsed in the Performance Period through the date of the Change in Control and (B) the actual level of achievement of the Performance Goals set forth in Appendix A as of the date of the Change in Control, as determined by the Committee, as constituted immediately prior to the Change in Control, without proration.
Appears in 4 contracts
Samples: Performance Share Agreement (Chipotle Mexican Grill Inc), Performance Share Agreement (Chipotle Mexican Grill Inc), Performance Share Agreement (Chipotle Mexican Grill Inc)
Satisfaction of Performance Goals. In the event of a Change in Control prior to the end of a Performance Period, the Performance Period shall end as of the date of the Change in Control and the Performance Goals Criteria shall be deemed to have been satisfied at the greater of (A) 100% of the target level, with the potential payout pro-rated based on the time elapsed in the Performance Period performance period through the date of the Change change in Control and control, or (B) the actual level of achievement of the Performance Goals set forth in Appendix A performance as of the date of the Change in Control, as determined by the Committee, as constituted immediately prior to the Change in Control, without proration.
Appears in 2 contracts
Samples: Performance Stock Unit Award Agreement (WHITEWAVE FOODS Co), Performance Stock Unit Award Agreement (WHITEWAVE FOODS Co)
Satisfaction of Performance Goals. In the event of a Change in Control prior to the end of a Performance Period, the Performance Period shall end as of the date of the Change in Control and the Performance Goals shall be deemed to have been satisfied at the greater of (A) 100% of the target level, with the potential payout pro-rated based on the time elapsed in the Performance Period through the date of the Change in Control and (B) the actual level of achievement of the Performance Goals set forth in Appendix A as of the date of the Change in Control, as determined by the Committee, as constituted immediately prior to the Change in Control, without proration..
Appears in 1 contract
Samples: Performance Share Agreement (Chipotle Mexican Grill Inc)
